If you’re a small business located in a rural community, you should be aware of an SBA loan program created specifically to help you grow and expand. The SBA 504 Loan Program, an economic development tool designed to help businesses in rural communities,...
In June, Growth Corp was once again awarded Illinois’ Largest 504 Lender by the U.S. Small Business Administration (SBA) for its continued support and extraordinary contribution to the small business community. Growth Corp remains one of the top ten CDC’s in the...
Attention lenders: when small business owners approach your bank looking for a loan to purchase commercial real estate or heavy equipment for their growing business, are you prepared to meet their needs? What if they lack a sizable down payment? SBA 504 Loan...
As you’ve probably heard, interest rates are on the rise. And rising interest rates can have a serious effect on small businesses…impacting everything from growth plans to cash flow. Therefore, if you’re a small business owner with either a...
In general, loans that don’t fall under the “conventional small business lending” category may be considered as community development loans. Loans and investments can get credit under the economic development category if they meet both a...
Attention lenders: don’t let common roadblocks get in the way of approving good deals. Remove the barriers by partnering with the SBA 504 Loan Program. For instance, check out some of the solutions the 504 Loan Program can provide: Barriers 504 Solution...
